Yes, I know... another rankings thread (monkey shit me if you must, but I genuinely think this can add value for people), but I noticed there hasn't been much discussion at any point recently of the relative strength of the research departments at bulge brackets. I know it would be helpful those of us who are interested in ER and looking at the brand-name banks how people perceive the the BB research divisions in relation to each other, and specifically their U.S. operations (this includes quality of analysts, quality of reports, brand name on the street, exit opps, etc.). I know there's Institutional Investor which ranks research, but I'd love to hear what WSO thinks.
If I had to take a stab myself (and by no means should this be taken as gospel), this is how I'd rank them:
Tier 1: MS, JPM, BAML
Tier 2: Barclays, UBS, DB
Tier 3: GS, CS, Citi
I could try and do a 1-9 ranking but I find tiers are generally a better way to go about these types of analyses. Would love to hear others' thoughts, especially from those who have been in the industry.
Tier 1: JPM, BAML, MS, Barclays Tier 2: DB, CS, GS, UBS, Citi
Can you guys tell me which of the BBs have Equity Research groups on the West Coast (SF)?
Fair
Are BAML and Barclays really considered Tier 1?
As ridiculous as it is to rank banks' equity research departments, why does this surprise you at all? If anything, it's MS that doesn't belong...
Bernstein is tier 1
Not everyone within an ER dept are Tier I players, bro
Take a look at the last II rankings, then dig deeper into the FI side
Even if your firm has an overall top tier group of analysts...it ultimately still comes down to who you're working for and what sector you're in...you can have #1 II ranked analyst from none of the above...i.e., Mark Schoenbaum from Evercore ISI.
For those interested in research, if you're breaking in, I suggest you work with some you can learn from and gain skills and solid knowledge base, rather than just go straight for a BB bank and perhaps work for some sh*tty analyst who just values you as a monkey and that's it; however, there are rare exceptions of finding a solid analyst at a BB that's willing to nurture you into a future analyst. Just my 2c.
Ding ding ding. These types of rankings are always ridiculous. Ever BB and reputable boutique will have very good analysts and some not-so-great analysts. It really is impossible to generalize. My firm uses dozens of brokers for this very reason. A firm can be quite strong in one region or industry and terrible in another.
Institutional Investor Equity Research Analyst Rankings (Originally Posted: 08/25/2010)
I'm hoping someone has access to the II All American Research team Analyst rankings, and was willing to post them. Apparently it is notoriously hard to find a copy of the list without subscribing to II.... Any help would be awesome!
i don't think they come out until october? but i could be. on the ii website you can get the overall firm rankings but not individual industries unfortunately...
I know it sux....you have to subscribe to get individual analyst rankings, which is what Im after......
they're out! and number 1 analysts in each industry.
Can someone post these please if they have them? thanks
Bump? would love to see the rankings
They are notoriously hard to get for people outside the industry. You might be able to pick up the magazine somewhere.
A quick search on their site gets you the top 10: http://www.institutionalinvestor.com/StubInfo.aspx?id=9180
Does someone have the 2012 rankings by sector? Really only interested in where boutiques placed highest
Do ER associates at your firm get ranked by sales? (Originally Posted: 01/24/2012)
Do ER associates at your firm get ranked by sales, or just the senior analyst? Do they get formal reviews or is their review essentially just an extension of the team's performance?
At my boutique, just the analyst.
Sales, trading, and other analysts within the larger sector at my BB
We just get reviewed by our Associate Director/MD after he collects input from our Senior Analysts. Maybe later on Sales has a say and so on, but not in my first year.
At my MM firm, associates get ranked by sales. We have our review with our Associate Director/Director of Research (depending on how senior you are). They basically take a collective look at your sales ranking / comments by sales, self-evaluation, review from your analyst / comments from your analyst when he has his review.
One other thing to note - we get reviewed every six months. It's the same process each time.
BB here. Yes we get ranked by sales, traders and other analysts. On the flip side I also get to rank sales, trader and other analysts when it's our turn to review them. Happens every 6 months.
ER Rankings? (Originally Posted: 02/25/2010)
I've applied for internships at a few funds and ER divisions at a few banks, but since IBD is more my area of expertise I was wondering how exactly do you rank or compare ER firms/ER divisions?
Hard to do so... you have to check analyst by analyst. II ranks (http://www.iimagazine.com/Research) are the most common measurement of prestige in ER. In Europe, JPMorgan, UBS, Nomura (after buying Lehman) and Credit Suisse have the most top ranked analysts.
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